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The Perils of Oversaving

You shouldn't party today and starve tomorrow, says economics professor and author Larry Kotlikoff. But you don't want to do the opposite, either.

Christine Benz: Hi. I am Christine Benz from I'm here today with Larry Kotlikoff. Larry is the author of a new book called "Jimmy Stewart is Dead," and he is also the author of another book called "Spend 'til the End," which talks about spending and saving in and before retirement. Larry thanks for joining us.

Larry Kotlikoff: My pleasure.